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History, 18.10.2020 14:01 boxford69

The Spanish silver mines of Peru and Bolivia provided Euorope with a whole new currency. In what way would the Ottoman Empire be influenced by these New World mines? Western Europe would grow economically from the influx of this precious metal.
Silver from the New World would have a lesser value in the Ottoman marketplace.
Classes would break out between Ottoman traders and European bankers over silver's value.
The silver mines of Peru and Bolivia would have little effect on the Ottoman Empire.

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